Federal Student Loans for Distance Learners
Aug 23rd, 2007
Over at About.com I recently posted an extensive article about federal student loans for online learners.
Finding correct information about federal aid can be a challenge – there's a lot of misinformation floating around out there. Here's a blurb discussing one of the more common concerns of online learners: the "50% Rule."
"Before 2006 many online students were unable to receive federal aid. In 1992 Congress enacted the "50% Rule," mandating that schools qualify as financial aid distributors by offering over 50% of courses in traditional classrooms. In 2006 the law was overturned. Today a growing number of online schools offer federal student aid. To offer aid, schools must still meet requirements. However, the percentage of online courses is of no consequence."
Check out the rest of the article (including information on available federal loans and eligibility requirements) here: Federal Student Loans for Online College Students.
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